Until Tuesday 27th August 2024, the Boungou and Wahgnion gold mines in Burkina Faso were owned by an African mining company. However Ouagadougou has agreed a deal to nationalise the mines for around $80 million.
Endeavour Mining, which agreed to sell Boungou and Wahgnion to Lilium last year for more than $300 million, had accused its rival of missing payments. Meanwhile Lilium argued that London-listed Endeavour had misrepresented and hidden financial information about the mines.